CRA International (CRAI) Plummets Nearly 20%
By Daniel James Hayden IV
March 18, 2010 4:12 PM
March 18, 2010 4:12 PM
Shares of consulting firm CRA International, Inc. (NASDAQ: CRAI) ended Thursday trading down 19.45% for the day, after releasing a disappointing earnings report.
CRA International reported 1st quarter earnings of 4 cents per share, on revenue of $55.8 million.
The numbers were well below the average Wall Street estimate of 27 cents per share earnings, on revenue of $66.89 million.
Shares of CRA International closed trading on Wednesday at $28.02. By the time the market opened on Friday, the stock had already fallen to $21.82.
The stock fell as low as $19.70, before inching back up and ending Thursday's session at $22.57.
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